ArticleIncome TaxTax PlanningUncategorizedAVAIL ADDITIONAL DEDUCTION OF RS. 50,000/- BY INVESTING IN NPS10 years agoinvesting in NPS Query 1] I have query regarding income tax FY 2015-16. I am a salaried individual resident status individual.…
House properyTax PlanningInterest on Housing loan shall be restricted to Rs. 30,000/- if construction not completed within 3 years 10 years agoInterest on Housing loan shall be restricted to Rs. 30,000/- if construction not completed within 3 years Query 1]…
House properyIncome TaxTax PlanningINVESTMENT IN PLOT IS ELIGIBLE FOR CAPITAL GAIN EXEMPTION10 years agoINVESTMENT IN PLOT IS ELIGIBLE FOR CAPITAL GAIN EXEMPTION Query 1] l own house in Nagpur, Can I buy second…
Article NON PAYMENT OF TDS ATTRACTS PROSECUTION10 years agoTDS Query 1] I have few questions regarding TDS as under: What to do in case TDS, if the person/firm…
ArticleIncome TaxTax PlanningUncategorizedNRI: Basic exemption limit cannot be reduced from LTCG10 years agoNRI basic exemption Query 1] I am an NRI Sir in AY 2015-16. I am having taxable house property income…
ArticleIncome TaxTax PlanningUncategorizedDeductor liable for penalty @ Rs. 100/- per day if TDS certificates are not downloaded10 years agoDeductor liable for penalty Query 1] My query is to whom the downloading of quarterly form No 16 is mandatory?…
Income TaxTax PlanningClassification of income is important from tax planning perspective10 years agoClassification of income Query 1] Do we need to enter interest income, dividend income and long term capital gains (STT…
Income TaxTax PlanningUncategorizedA step-by-step guide to file income tax return10 years agoguide to file income tax return Query 1] I am a salaried employee. Please explain in detail regarding procedure of…
Income TaxTax PlanningDISCLOSE ALL THE BANK ACCOUNTS WHILE FILING INCOME TAX RETURN10 years agoINCOME TAX RETURN Query 1] As per revise guidelines information about all the accounts other than inoperative is to be…
Income TaxTax PlanningUncategorizedAmount received against mediclaim policy is tax free10 years agotax free Query 1] Kindly intimate whether expenditure for indoor treatment paid by insurance company against mediclaim insurance policy is…
ArticleIncome TaxUncategorizedProsecution for wrong submission of Form No. 15G or 15H10 years ago15G or 15H Query 1] During the FY 2015-16 my expected tax liability is arriving at Rs. 7,000/-. My income of Rs 5…
ArticleIncome TaxUncategorizedLife & Taxes go hand in hand. 10 years agoLife & Tax Query 1] Kindly advice, is it mandatory to file the income tax return even if the tax…
Income TaxTax PlanningUncategorizedAvail tax breaks on stamp duty & registration charges paid while buying a house 10 years agostamp duty Query 1] I have purchased a residential flat in Feb-2015 on agreement to sale. I had paid nearly…
Income TaxTax PlanningUncategorizedCO-OWNER MAY NOT BE TREATED AS OWNER: INTERESTING INCOME TAX10 years agopartnership rule Query 1] I had a query regarding LTCG, the details are as follows: I had sold a NIT…
ArticleIncome TaxTax PlanningUncategorizedLife Insurance Policies: No blanket escape from tax11 years agoQuery 1] I have taken Postal Life Insurance Policy in Feb-2009 for Sum Assured (SA) Rs. 1,40,000/- for 7 years…
ArticleNRI CornerOther Source Of IncomeTax PlanningTAX LIABILITY OF NRI ON SALE OF PROPERTY IN INDIA11 years agoQuery 1] An NRI wants to open a resident saving bank account with our Branch .What are the guidelines. Inward…
House properyIncome TaxSECOND HOUSE PROPERTY &; INCOME TAX IMPLICATION15 years agoINCOME TAX IMPLICATION Query 1] Sir, Presently I own a house and repayment of entire loan amount is already over.…